Can I retire at age 71 with 933,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$77,046$76,360$75,690$75,037$74,399$73,652
2 years$38,142$37,431$36,743$36,075$35,428$34,676
3 years$25,175$24,462$23,775$23,114$22,477$21,743
4 years$18,693$17,982$17,302$16,652$16,031$15,321
5 years$14,805$14,098$13,427$12,791$12,186$11,502
6 years$12,214$11,512$10,851$10,229$9,643$8,985
7 years$10,364$9,668$9,017$8,410$7,842$7,211
8 years$8,977$8,287$7,647$7,055$6,506$5,901
9 years$7,898$7,215$6,587$6,009$5,479$4,901
10 years$7,036$6,360$5,742$5,180$4,668$4,117
11 years$6,332$5,662$5,056$4,508$4,015$3,489
12 years$5,745$5,082$4,487$3,954$3,479$2,979
13 years$5,248$4,593$4,009$3,491$3,034$2,558
14 years$4,823$4,175$3,602$3,099$2,659$2,207
15 years$4,455$3,814$3,252$2,764$2,342$1,913
16 years$4,134$3,499$2,948$2,474$2,070$1,663
17 years$3,850$3,222$2,683$2,223$1,835$1,451
18 years$3,598$2,978$2,449$2,004$1,632$1,269
19 years$3,373$2,760$2,242$1,810$1,454$1,112
20 years$3,171$2,564$2,058$1,640$1,299$976
21 years$2,988$2,389$1,893$1,488$1,162$858
22 years$2,822$2,230$1,744$1,353$1,042$756
23 years$2,671$2,085$1,611$1,232$935$666
24 years$2,533$1,954$1,490$1,124$841$588
25 years$2,405$1,834$1,380$1,026$756$519
26 years$2,288$1,723$1,279$938$681$459
27 years$2,180$1,622$1,188$859$614$406
28 years$2,079$1,528$1,105$787$554$360
29 years$1,986$1,442$1,028$722$501$319
30 years$1,899$1,362$957$662$452$282
31 years$1,818$1,287$893$608$409$250
32 years$1,742$1,218$833$559$370$222
33 years$1,671$1,153$778$514$335$197
34 years$1,604$1,093$727$473$303$175
35 years$1,541$1,037$679$435$275$155
36 years$1,482$984$635$401$249$138
37 years$1,426$935$595$370$225$122
38 years$1,373$888$557$341$204$109
39 years$1,323$845$522$314$185$97
40 years$1,276$804$489$290$168$86
41 years$1,231$765$459$267$153$76
42 years$1,188$728$430$247$138$68
43 years$1,147$694$404$228$126$60
44 years$1,109$662$379$210$114$54
45 years$1,072$631$356$194$103$48
46 years$1,037$602$334$179$94$42
47 years$1,003$574$314$166$85$38
48 years$971$548$295$153$77$34
49 years$940$524$277$141$70$30
50 years$911$500$261$131$64$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 71 starting with $933,000, adding $3,225 every year, while hoping to spend $56,342 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 31/48/21 Blend
70$933,000$933,000$933,000$933,000
71$1,031,493$982,044$967,582$1,056,649
72$1,076,757$970,216$940,049$1,064,116
73$1,124,751$955,921$909,704$1,066,845
74$1,175,692$938,978$876,396$1,068,608
75$1,229,820$919,195$839,962$1,069,356
76$1,287,396$896,370$800,236$1,069,039
77$1,348,707$870,289$757,041$1,067,610
78$1,414,067$840,725$710,193$1,065,022
79$1,483,819$807,438$659,502$1,061,230
80$1,558,340$770,173$604,767$1,056,190
81$1,638,042$728,663$545,777$1,049,864
82$1,723,377$682,622$482,316$1,042,216
83$1,814,841$631,750$414,153$1,033,213
84$1,912,978$575,730$341,050$1,022,831
85$2,018,386$514,224$262,760$1,011,049
86$2,131,719$446,879$179,020$997,858
87$2,253,697$373,319$89,560$983,254
88$2,385,110$293,147$0$967,247
89$2,526,825$205,945$0$951,183
90$2,679,796$111,272$0$955,275
91$2,845,070$8,659$0$959,558
92$3,023,798$0$0$964,174
93$3,217,244$0$0$1,023,374
94$3,426,801$0$0$1,092,578
95$3,653,996$0$0$1,167,733
96$3,900,512$0$0$1,249,410
97$4,168,197$0$0$1,338,240
98$4,459,085$0$0$1,434,914
99$4,775,415$0$0$1,540,194
100$5,119,648$0$0$1,654,918